Global Industrial Co

Global Industrial Co. engages in direct marketing of brand name and private label industrial and business equipment and supplies. It sells an array of industrial and general business hard goods and supplies and to a lesser extent products that would fall into the generally recognizable category of maintenance, repair and operational (“MRO”) products. The company was founded by Paul Leeds and Michael Leeds in 1949 and is headquartered in Port Washington, NY.

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Global Industrial Co (GIC) reports record 2022 performance and optimistic outlook

Global Industrial Co (GIC) had a strong financial performance in 2022, with a focus on customer-centric initiatives for 2023. Despite some challenges in Q4 2022, the company remains optimistic about growth opportunities and has a solid financial foundation.

Global Industrial Co reports Q1 challenges, eyes growth opportunities

Global Industrial Co (GIC) navigated challenges in Q1 2023 with a focus on customer retention, operational efficiency, and digital initiatives.
While revenue declined YoY, the company's strong balance sheet, cash flow, and strategic investments position it well for future growth.
Addressing e-commerce platform issues and seizing opportunities in marketing and customer experience will be key for driving revenue and market expansion.

Global Industrial Co reports revenue growth amidst market challenges

GIC's Q2 2023 performance showcased resilience amid challenges, with revenue growth driven by strategic acquisitions and operational efficiencies.
The company's focus on customer satisfaction, operational excellence, and prudent financial management underpin its ability to navigate market uncertainties.
With a solid foundation in place, GIC is poised to capitalize on growth opportunities through targeted investments and initiatives aimed at enhancing competitiveness.

Global Industrial Co (GIC) reports strong Q3 earnings and strategic growth initiatives

Global Industrial Co (GIC) delivered a robust Q3 performance marked by revenue growth, strategic acquisitions, and a focus on customer-centric initiatives.
While facing margin challenges post-Indoff acquisition, the company's strong balance sheet, dividend declaration, and operational focus position it well for future growth.
Opportunities lie in digital expansion, community engagement, and maximizing the Indoff acquisition benefits to drive sustained growth and profitability in the evolving market landscape.

Global Industrial Co (GIC) reports record revenue and optimistic outlook for 2024

Global Industrial Co (GIC) delivered strong financial performance in Q4 2023, with record revenue and gross margin improvement. Despite cautious market sentiment, the company remains optimistic about modest organic growth in 2024. GIC's focus on customer-centric strategies and quality enhancement positions it well for future opportunities.

Global Industrial Co (GIC) reports strong Q1 performance and eyes growth through customer-centric strategies

Global Industrial Co (GIC) delivered a robust Q1 2024 performance with revenue growth, strong profitability, and operational efficiency.
While maintaining high customer satisfaction and digital presence, the company faces challenges in managing costs and sustaining growth momentum.
Strategic focus on customer experience, e-commerce, and potential acquisitions positions Global Industrial Co (GIC) for future growth opportunities.

Global Industrial Co (GIC) reports revenue growth and operational improvements

Global Industrial Co (GIC) delivered solid financial performance in Q2 2024, focusing on revenue growth, margin improvement, and operational efficiency. While facing challenges in revenue consistency and cost management, the company's strong balance sheet and strategic initiatives position it well for future opportunities.

Global Industrial Co reports Q3 revenue decline, focuses on customer-centric growth

Global Industrial Co navigated a revenue decline by investing in customer-centric initiatives and appointing a new CMO. Challenges include addressing weaknesses in core customer segments and optimizing advertising strategies.

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PORT WASHINGTON, NY / ACCESSWIRE / October 26, 2023 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies and the Helen Keller National Center have partnered for an annual day of service. The inaugural event took place on Wednesday, October 25th and included facilities enhancements to the Helen Keller National Center headquarters in Port Washington, NY and a ribbon-cutting ceremony to dedicate the new "Collaboration Courtyard - Where Ideas Meet Action," donated by Global Industrial.

Global Industrial Company and Helen Keller National Center Partner for Global Industrial Corporate Day of Service

PORT WASHINGTON, NY / ACCESSWIRE / October 24, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the third quarter ended September 30, 2023 on Tuesday, October 31, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m.

Global Industrial Company to Report Third Quarter 2023 Results on October 31, 2023

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Global Industrial Company (NYSE:GIC ) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Mike Smargiassi - Investor Relations Barry Litwin - Chief Executive Officer Tex Clark - Senior Vice President and Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Anthony Lebiedzinski - Sidoti & Company Operator Good day and welcome to the Global Industrial Company Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Now I'd now like to turn the conference over to Mike Smargiassi, Investor Relations.

Global Industrial Company (GIC) Q2 2023 Earnings Call Transcript

Global Industrial (GIC) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.59 per share a year ago.

Global Industrial (GIC) Surpasses Q2 Earnings and Revenue Estimates

-Sales of $325.8 Million, Increase 2.3%- -Operating Income of $29.1 Million; Operating Margin 8.9%- -Board Declares $0.20 Dividend- PORT WASHINGTON, NY / ACCESSWIRE / August 1, 2023 / Global Industrial Company (NYSE:GIC) today announced financial results for the second quarter ended June 30, 2023. Performance Summary* (U.S. dollars in millions, except per share data) Highlights Quarter Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net sales $ 325.8 $ 318.5 $ 599.6 $ 607.1 Gross profit $ 112.9 $ 113.0 $ 211.3 $ 220.8 Gross margin 34.7% 35.5% 35.2% 36.4% Operating income from continuing operations $ 29.1 $ 30.5 $ 46.9 $ 60.0 Operating margin 8.9% 9.6% 7.8% 9.9% Net income from continuing operations $ 21.5 $ 22.6 $ 34.8 $ 44.4 Net income per diluted share from continuing operations $ 0.56 $ 0.59 $ 0.91 $ 1.16 Net income (loss) from discontinued operations $ 0.0 $ 0.2 $ (0.1) $ 0.4 Net income (loss) per diluted share from discontinued operations $ 0.00 $ 0.01 $ 0.00 $ 0.01 * Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.

Global Industrial Company Reports Second Quarter 2023 Financial Results

-Corrects Second Quarter End Date- PORT WASHINGTON, NY / ACCESSWIRE / July 24, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the second quarter ended June 30, 2023 on Tuesday, August 1, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m.

CORRECTION FROM SOURCE: Global Industrial Company To Report Second Quarter 2023 Results on August 1, 2023

PORT WASHINGTON, NY / ACCESSWIRE / July 24, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the second quarter ended July 30, 2023 on Tuesday, August 1, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m.

Global Industrial Company To Report Second Quarter 2023 Results on August 1, 2023

-Provides New Sales Channel and Diversifies Customer Base- PORT WASHINGTON, NY / ACCESSWIRE / May 22, 2023 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced that it has acquired 100% of the issued and outstanding equity interests of Indoff ("Indoff") for approximately $69.2 million in cash. The acquisition was funded from the Company's existing credit facility and cash on hand.

Global Industrial Acquires Indoff Inc.

Global Industrial is an industrial distributor with a differentiated approach. Its performance during the past 5 years could be overshadowed by its history and name changes. Disappointing Q1 results punished the stock and the weakness could provide a buying opportunity, if the challenges are temporary.

Global Industrial: Traits Of A High Quality Stock

Global Industrial (GIC) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.57 per share a year ago.

Global Industrial (GIC) Q1 Earnings and Revenues Miss Estimates

Global Industrial Company (NYSE:GIC ) Q1 2023 Earnings Conference Call May 2, 2023 5:00 PM ET Company Participants Barry Litwin - Chief Executive Officer Tex Clark - Senior Vice President, Chief Financial Officer Mike Smargiassi - Investor Relations Conference Call Participants Anthony Lebiedzinski - Sidoti Operator Good day! And welcome to Global Industrial Company First Quarter 2023 Earnings Conference Call.

Global Industrial Company (GIC) Q1 2023 Earnings Call Transcript

-Sales of $273.8 Million- -Operating Income of $17.8 Million; Operating Margin of 6.5%- -Board Declares $0.20 Dividend- PORT WASHINGTON, NY / ACCESSWIRE / May 2, 2023 / Global Industrial Company (NYSE:GIC) today announced financial results for the first quarter ended March 31, 2023. Performance Summary* (U.S. dollars in millions, except per share data) Highlights Quarter Ended March 31, 2023 2022 Net sales $ 273.8 $ 288.6 Gross profit $ 98.4 $ 107.8 Gross margin 35.9 % 37.4 % Operating income from continuing operations $ 17.8 $ 29.5 Operating margin 6.5 % 10.2 % Net income from continuing operations $ 13.3 $ 21.8 Net income per diluted share from continuing operations $ 0.35 $ 0.57 Net (loss) income from discontinued operations $ (0.1 ) $ 0.2 Net (loss) income per diluted share from discontinued operations $ 0.00 $ 0.01 *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.

Global Industrial Company Reports First Quarter 2023 Financial Results

PORT WASHINGTON, NY / ACCESSWIRE / April 25, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the first quarter ended March 31, 2023 on Tuesday, May 2, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m.

Global Industrial Company To Report First Quarter 2023 Results on May 2, 2023

Here is how Global Industrial (GIC) and Parker-Hannifin (PH) have performed compared to their sector so far this year.

Is Global Industrial Company (GIC) Stock Outpacing Its Industrial Products Peers This Year?

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GIC, PANW and CCAP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 20, 2023.

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Global Industrial (GIC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Global Industrial (GIC) Upgraded to Strong Buy: Here's Why

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ARLP, WPP, KR, BIDU and GIC have been added to the Zacks Rank #1 (Strong Buy) List on March 9, 2023.

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Global Industrial (GIC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Global Industrial (GIC) Is a Great 'Buy the Bottom' Stock Now

The past several months have not been kind to Global Industrial Company and its investors, with shares tanking compared to the market. This seems to be due to pain on the firm's top and bottom lines in the second half of the year, and because of general concerns about the economy.

Global Industrial Company Warrants An Upgrade

Global Industrial Company FY2022 results in the books were good enough. A company that may not have much going for in terms of M&As can generate great FCF.

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